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The Benefits of Owning Rental Property
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[QUOTE="david786, post: 328670, member: 105202"] 1. Passive Income Source Perhaps the biggest benefit to owning rental property is that it's a passive income source. This means that it is recurring income that requires relatively little effort to maintain. It can be an attractive option for people looking to make some money on the side or even as additional financial security during retirement. Additionally, rental income may be taxed differently than employment income. 2. Greater Security Some people have to make a temporary move for work. Others inherit a family home that they don't want to sell for sentimental reasons. There are a variety of reasons that people may find themselves with an empty property. 3.Option to Move Back You may find yourself unable to stay in your current residence due to financial or other reasons. If you need to make a temporary move for a job, it's nice to know you'll still have a place to live when you return. [/QUOTE]
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